compute the work - in - process transferred to the finished goods warehouse on april 30 using the following…

compute the work - in - process transferred to the finished goods warehouse on april 30 using the following information: work - in - process inventory, april 30 $ 275 direct materials purchased during april 250 work - in - process inventory, april 1 300 direct labor costs incurred 400 manufacturing overhead costs 350 direct materials used in production 225 multiple choice $950 $1,000 $1,050 $975

compute the work - in - process transferred to the finished goods warehouse on april 30 using the following information: work - in - process inventory, april 30 $ 275 direct materials purchased during april 250 work - in - process inventory, april 1 300 direct labor costs incurred 400 manufacturing overhead costs 350 direct materials used in production 225 multiple choice $950 $1,000 $1,050 $975

Answer

Explanation:

Step1: Recall the formula

The formula to calculate the Work - In - Process transferred to finished goods is: Beginning Work - In - Process + Total Manufacturing Costs - Ending Work - In - Process. Total Manufacturing Costs = Direct materials used+Direct labor+Manufacturing overhead.

Step2: Calculate total manufacturing costs

Direct materials used = $225, Direct labor = $400, Manufacturing overhead = $350. Total manufacturing costs = $225 + $400+ $350=$975.

Step3: Calculate Work - In - Process transferred

Beginning Work - In - Process (April 1) = $300, Ending Work - In - Process (April 30) = $275, Total manufacturing costs = $975. Work - In - Process transferred = $300 + $975 - $275. $300+975 - 275=1000$.

Answer:

$1,000